5,525 Shares in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC purchased a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the third quarter, Holdings Channel.com reports. The fund purchased 5,525 shares of the bank’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of Bank of N.T. Butterfield & Son by 5.3% during the third quarter. Empowered Funds LLC now owns 130,779 shares of the bank’s stock worth $4,823,000 after purchasing an additional 6,566 shares during the last quarter. Victory Capital Management Inc. lifted its position in Bank of N.T. Butterfield & Son by 20.3% during the 3rd quarter. Victory Capital Management Inc. now owns 459,210 shares of the bank’s stock worth $16,936,000 after buying an additional 77,334 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Bank of N.T. Butterfield & Son during the 3rd quarter worth about $694,000. Capital Performance Advisors LLP bought a new stake in Bank of N.T. Butterfield & Son during the 3rd quarter worth about $37,000. Finally, Summit Global Investments raised its stake in shares of Bank of N.T. Butterfield & Son by 97.2% in the third quarter. Summit Global Investments now owns 32,627 shares of the bank’s stock worth $1,203,000 after acquiring an additional 16,079 shares during the last quarter. Institutional investors own 62.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NTB shares. Keefe, Bruyette & Woods cut shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $44.00 to $41.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.60.

Bank of N.T. Butterfield & Son Stock Performance

Shares of Bank of N.T. Butterfield & Son stock opened at $37.76 on Friday. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $27.20 and a 52 week high of $40.55. The firm has a fifty day moving average of $37.38 and a two-hundred day moving average of $36.29. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. The company had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $142.07 million. During the same period in the prior year, the business posted $1.16 EPS. Bank of N.T. Butterfield & Son’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, November 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.66%. Bank of N.T. Butterfield & Son’s dividend payout ratio is 39.20%.

Bank of N.T. Butterfield & Son Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.